Barclays pays £194m to settle US probe

Laura Miller
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Barclays has so far paid £194m to settle a US-led probe into payments made to countries or people on a sanctions list.

Barclays has been conducting an internal review into the payments and is reporting its findings to US government investigators. The disclosure was buried deep in the bank's 126-page report on its interim results out today. Authorities including the U.S. Department of Justice, the Manhattan District Attorney's Office and the Office of Foreign Assets Control are involved "in relation to the possible resolution of this matter," the bank said in its report. Barclays says it is "in advanced discussions with these and other authorities" to end the probes. In February, the bank said it...

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